WEST PALM BEACH, FL (HEDGECO.NET) – Goodbody investments is preparing to launch a new hedge fund; such move follows the purchase of Davy, a Focus hedge fund management company. According to thereport, Focus now manages funds, which Davy is selling to its private clients.
Investors continue to seek hedge fund instruments that can provide them with results non- correlated with the equity markets. The minimum investment requirement for the new fund is about $300,000, fee structure was not immediately provided.
With this purchase, Goodbody plans to dedicate itself to managing relatively conservative hedge fund instruments, which can provide an annual return of about 8-10 percent employing low levels of volatility in the range of about 3-4% according to published reports. Goodbody is currently seeking approval from regulators for the new hedge fund.
Many European alternative investment managers still think regulatory obstacles are hindering hedge fund growth in Europe. A new study conducted by Datamonitor found that about 39% of European wealth managers think regulatory problems hinder hedge fund investment in Europe.
According to the survey, the hedge fund investment market in Europe is currently about US$71 billion strong. Lifting regulatory obstacles will mean a more aggressive construction of alternative investment portfolios throughout Europe.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
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